CBN appoints nine PIAs, two monitoring agents for oil, gas exports

The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of nine  Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports.

The apex bank has also announced the appointment of two Monitoring and Evaluation Agents (MEAs) to oversee the activities of the PIAs in their respective zones of operations.

The appointments seen by advisors reports was outlined in circular: TED/FEM/PUB/FPC/001/014, dated May 13, 2024, and issued by the CBN, signed by Dr. Hassan Mahmud, Director of the Trade and Exchange Department.

According to the circular, the 9 PIAs and 2 MEAs are as follows:

Pre-Shipment Inspection Agents:

Neroli Technologies Limited: Qua Iboe, Forcados, and Bonny

Holborn Oil and Gas Inter Ltd: Usan, Egina, and Yoho

Swede Control Intertek Ltd: Ima (Otakikpo), Erha, and Ajapa

Fel Tov Energy & Investment Ltd: Tulja, Antan, and Odudu

JBIS Inter. Resources Ltd: Agbami, Bonga, Okoro, and Akpo

Patibon Services Ltd: Ebok, Oyo, Peninton, E.A., and Okwori

Offshore Bulk Inspection Co Ltd: Escravos, Brass, and Anyyyala-Madu

Candid Oil services Ltd: Okono, Ugo-Cha, Abo, and Aje

Dakee Engineering and Construction Limited: LNG, Escravos, and Bonny River Terminal (BRT)

Monitoring and Evaluation Agents:

Arlington Securitas Nigeria Limited: JBIS, Offshore Bulk Inspection Co. Ltd, NEROLI, HOLBORN OIL GAS, Dakee Engineering & Construction Ltd (Gas), and DV Howells Nigeria Limited

DV Howells Nigeria Limited: FELTOV Energy, SWEDE Control, PATIBON Services, and CANDID OIL SERVICES LTD.

Advisors Reports further gathered that the directive was therefore communicated to authorized dealers, the Nigeria Customs Service, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), all terminal operators, and all oil and gas companies, as well as the general public.

CBN therefore emphasized the importance of compliance with the directive, underscoring President Bola Tinubu’s administration government’s commitment to ensuring transparency and accountability in the oil and gas export sector.

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